Stock investment is currently a business form that attracts heaps of participants, which leads to an increase in the need to recruit stockbrokers to advise and support clients. There are numerous career opportunities. But how do you become an outstanding stockbroker? Let’s join Navigos Search to find the answer through the sharing below!
1. What is a stockbroker?
A stockbroker is a person who acts as an intermediary between an investor and a securities exchange. They represent clients to buy and sell securities and receive commissions from such trading activities.
Stockbrokers need to monitor and synthesize information and analyze and identify market fluctuations to suggest appropriate directions to support clients in making the best profitable decisions.
A stockbroker is a person who advises on buying and selling securities
2. Responsibilities of a stockbroker
The day-to-day responsibilities of a stockbroker are:
- Source and approach clients: Stockbrokers will search for and expand clients who have needs to learn and invest in securities. They will call, come to the house, or depend on the acquaintances' introduction to make a list of potential clients.
- Consult clients on securities: Based on researching the stock market, the stockbroker must understand the needs and finances of clients to advise and ensure their interests, thereby signing contracts with businesses.
- Look after clients: It aims to maintain relationships with clients and expand the list of potential clients. Stockbrokers will call and text to introduce and look after clients who have signed securities contracts with the enterprise. They must also regularly pay attention to the needs and desires of clients to help them invest safely and profitably.
- Receive feedback from clients: Stockbrokers are not the ones who decide the success of an investment. However, they must collect opinions and listen to client feedback to have their own experiences.
- Update information on the stock market: The stock market is constantly changing, affecting the clients' investments. Therefore, the stockbroker must update and monitor market fluctuations to predict the situation to minimize investment risks and best support clients.
3. What does it take to be a successful stockbroker?
To become a successful stockbroker, you need to meet the following factors:
Solid professional knowledge
With a solid knowledge of finance, you can make accurate judgments about the stock market and support your clients in taking the right investment direction. Thanks to that, clients can put their trust in you and ask you to analyze and make decisions with their investment.
You can accumulate professional knowledge from school when you are trained in University programs in Economics, Banking, Finance, Accounting, and Auditing. This is also one of the manager's requirements when recruiting stockbrokers.
Besides, to practice as a stockbroker smoothly, you should get more certificates in this field such as a stockbroker practice certificate, fund management certificate, financial analysis practicing certificate, and CFA.
You must have solid professional knowledge
Practical experience
One of the necessary conditions to go into the profession is working experience in the stock market. You will not be able to advise and identify the stock market situation for clients based on mere theory. Instead, you must have the practical experience to give clients the most accurate assessments and analyses.
You can also try investing to gain practical experience in this field. Having practical experience on the stock exchange will prove that you are a good consultant. Once you have a lot of experience and financial knowledge, you will achieve your goals at work handily.
Critical skills
Ability to seize investment opportunities
Grasping opportunity in investment is the golden key to success. Sometimes, making the right decision at a certain time will achieve significant results. In the stockbroking profession, you must know how to seize the opportunity to synthesize and analyze financial information and business trends and produce reports to provide clients with accurate financial advice.
Ability to work well under pressure
Stockbrokers' income mainly comes from client revenue, so you must create value to get a salary. Therefore, you are under invisible pressure at work. Besides, if you work with many clients at once, you will have to consult 24/7. In the case of unexpected market fluctuations, clients who need you to make transactions quickly will also pressure you. Therefore, the ability to work well under high pressure is a must-have skill of a stockbroker.
Furthermore, when undertaking this position, you will face stress and pressure from work if you can't find clients or make inaccurate predictions. You have to work under a lot of pressure. However, if you know how to overcome it, you will achieve significant success.
Communication skills
Good communication skills will help you approach many clients and build more relationships. From there, you will have many clients and increase the opportunity to show your skills and knowledge in securities.
Due to the nature of the job, you must regularly work with clients. Only when you communicate well will the investment work go more smoothly. No matter how knowledgeable you are in market knowledge, you can't achieve any results if you do not communicate the information to clients well.
To become a good stockbroker, you must arm yourself with many skills
Ability to find clients
To become a renowned stockbroker, you must have many clients who trust you. Therefore, the ability to find clients is indispensable. You must show your clients that you are an experienced person with solid knowledge. Or you can also search for potential clients by sending emails, making appointments for face-to-face meetings, or participating in seminars to increase your career development opportunities.
Information research skills
The stock market is constantly changing, forcing you to research businesses' information to advise clients on the best direction. A professional stockbroker will know how to select information accurately and search for it from many different channels to avoid providing false information and affecting investment results.
4. Career opportunities and current salary of a stockbroker
The salary of a stockbroker includes a fixed salary and commission. The basic salary of this position is currently about 6 - 8 million VND/month. Plus the commission, it will be up to 20 - 30 million VND/month. If you perform your tasks well, existing clients will introduce you to more people, helping you to increase your income.
Many businesses currently recruit stockbrokers with high commissions to motivate them to work, promote the search, and access more clients. In addition, stockbrokers can also sign an official labor contract and enjoy certain benefits.
Despite stable income and high recruitment demand, many businesses long for personnel in this department. The reason is that the nature of the job features sales pressure, and many people believe that securities are a precarious, unstable, and unsafe profession in the long term. However, with the current hot stock market, this position is considered a high-class profession that requires many intellectual materials to serve the job.
There are lots of job opportunities for stockbroker
5. Find a job as a stockbroker at Navigos Search
If you want to try yourself in this job, don't hesitate to apply at Navigos Search to get the best working environment. Established in 2002, Navigos Search is the leading middle and high-level recruitment company in Vietnam.
Our advantage is featuring a team of experienced consultants who have a deep understanding of the value of personnel. Based on a methodical recruitment process and professional skills, our experts are always ready to support candidates and advise them on suitable jobs and the most suitable recruiter.
Navigos Search acts as a bridge to negotiate and advise candidates on salary and benefits. After the candidate gets a nod for a job, our recruitment specialist continues to closely follow the candidate towards “Success after joining".
In addition, we also provide recruitment solutions with the largest data on candidates, making the recruitment process faster and bringing quality candidates to businesses. We are proud to be the top choice of most large companies and corporations when there is a need to recruit middle and high-level personnel. If your business is looking for personnel, don't hesitate to contact us to get the best candidates.
Vietnam's leading middle and high-level talent hunting company
If you long to find a job as a stockbroker or want to be informed about positions that match your qualifications and skills, don't hesitate to send us your CV to be contacted immediately if there are any suitable vacancies. We always try our best to help candidates and businesses reach their dreams through Vietnam's leading professional recruitment service!
Navigos Search - Vietnam's leading
middle and high-level talent hunting company